Albert H. Nahmad - Feb 7, 2023 Form 4 Insider Report for WATSCO INC (WSO)

Role
Chairman and CEO, Director
Signature
/s/ Albert H. Nahmad
Stock symbol
WSO
Transactions as of
Feb 7, 2023
Transactions value $
$9,999,901
Form type
4
Date filed
2/9/2023, 04:04 PM
Previous filing
Jan 12, 2023
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WSO Common stock 1.49K Feb 7, 2023 See footnote F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WSO Class B Common stock Award $10M +39.6K +52.45% $252.51 115K Feb 7, 2023 Class B Common stock 39.6K Direct F2, F5
holding WSO Class B Common stock 1.1M Feb 7, 2023 Class B Common stock 1.1M See footnote F2, F3
holding WSO Class B Common stock 902K Feb 7, 2023 Class B Common stock 902K See footnote F2, F4
holding WSO Class B Common stock 530K Feb 7, 2023 Class B Common stock 530K See footnote F2, F6
holding WSO Class B Common stock 1.33M Feb 7, 2023 Class B Common stock 1.33M See footnote F2, F7
holding WSO Class B Common stock 207K Feb 7, 2023 Class B Common stock 207K See footnote F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares held by trust over which Mr. Nahmad maintains effective control.
F2 The Class B Common Stock is convertible into Common Stock at any time on a one-for-one basis and has no expiration date.
F3 Reflects shares held by Albert Henry Capital L.P., a limited partnership over which Mr. Nahmad maintains effective control. Of the number of shares held, 440,000 remain subject to vesting restrictions.
F4 Reflects shares held by My Pal Al, L.P., a limited partnership over which Mr. Nahmad maintains effective control, which are subject to vesting restrictions.
F5 Reflects shares held by Mr. Nahmad, which are subject to vesting restrictions.
F6 Reflects 498,845 shares held by various trusts over which Mr. Nahmad maintains effective control and 31,236 shares held by custodial accounts for Mr. Nahmad's grandchildren, of which Mr. Nahmad is the custodian.
F7 Reflects shares owned by Albert Capital LP, a limited partnership, over which Mr. Nahmad maintains effective control.
F8 Reflects shares owned by Colon Boy LP, a limited partnership, over which Mr. Nahmad maintains effective control.